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Demand for good B will increase. If the price for a good increases and there is a similar good on the market, then that similar good will increase in demand. People will buy the cheaper option of something if it is available. This is called "Substitution".

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What is competive supply?

Competitive supply normally refers to alternative products that can be made by a manufacturer or producer using the same raw materials or resources. A good example is that a farmer may either plant maize or opt for beans.


What are three questions each society must determine regarding its economy?

What and how much will be produced?Literally, billions of different outputs could be produced with society's scarce resources. Some mechanism must exist that differentiates between products to be produced and others that remain as either unexploited


Why the combination of consumer and producer surplus is not maximized if there is either excess demand or supply?

Because the land upon which people grows crops is limited to them. Therefore they can't increase their production also they have limited money previously so they can't grow new crops.


Assume the US can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can employ the same amount of its resources to produce either 20 airplanes or?

...or 8 automobiles. If the material is the same amount; the product will be the same amount. The ONLY difference will be quality (not quantity). Japan is forced to build better machines because being an "island" and "depending" upon imports they will starve "if" their products don't sell. The US does NOT depend upon imports (physically; it has the land to survive, but not the financial interest to produce it's own material) and could survive on it's own with or without foreign business.


When a producer is unable to meet the demand of a certain product?

If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.

Related Questions

What does produce mean in science?

Producer means organisms that keep building


Is a nectar a producer?

No. If it were a producer, it would be able to produce its own food. Nectar is not a consumer either. It does not consume food. Nectar is not living, therefore it is "abiotic." Abiotic is a term which means "non-living."


Is a bird a primary producer?

No, birds aren't primary producers since they don't produce their own food. They can be either primary, secondary or tertiary consumers.


Is cows a producer?

No, it's a product, not a producer. It's not even a consumer either.


Is cows milk a producer?

No, it's a product, not a producer. It's not even a consumer either.


Scottish-wisky producer and Scottish wisky-producer different between?

It seems that there is a mispelling of whiskey or whiskey. The word is not wisky or wiskey but whiskey. A Scottish-whiskey producer is a person who produces the variety of whiskey known as Scottish. A Scottish whiskey-producer is a native of Scotland who produce any variety of whiskey. AND A Scottish whiskey producer, without any dashes, is either of the two described. G. R. Hale


Do Such mutations would increase or decrease the activity of genes that produce growth factors?

Mutations can either increase or decrease the activity of genes that produce growth factors. It depends on the specific nature of the mutation and how it affects the function of the gene. Mutations can disrupt the normal regulation of gene expression, leading to either increased or decreased production of growth factors.


What are the five characteristics of resources?

a.They are scarce i.e their supply is limited. b.They have mortality value. c.They are evenly distributed. d.They have alternative resources.


What are two ways people use leaf resource?

People use leaf resources as either direct food or green manure to produce food.


How long do cows produce milk after giving birth?

Cows will produce milk for as long as a producer (dairy or beef) needs to have them produce milk, whether it's a time frame of around 6 to 10 months or longer, depending on their type and class of the cows and the producer's management criteria. The time frame, on average, is between or either 6 to 10 months.Dairy cows tend to be milked longer than beef cows due to the fact that they're selected to produce milk, not raise a calf. Beef cows will produce milk as long as they have a calf on them.


What is competive supply?

Competitive supply normally refers to alternative products that can be made by a manufacturer or producer using the same raw materials or resources. A good example is that a farmer may either plant maize or opt for beans.


Who came the name keeping up with the kardashians?

Either the Kardashians or the producer